Word: retailing
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Dates: during 2000-2009
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Four days and a million years ago, today was a big day on Wall Street. Retail sales for August were going to tell us about the state of the American consumer. Industrial production and capacity utilization numbers were going to tell us about manufacturing. The PPI was going to reassure us inflation was still dormant, and the Fed could safely cut rates again by another quarter-point on October...
...have gotten a glimpse of this already, and not just at the $5 gas pumps. September has already lost two full days of retail sales, and every day spent mourning vicariously in front of a television is a day not spent at the mall - the Gulf War did the height of its economic damage merely by constituting weeks of irresistible viewing. Inevitably, people will realize that their personal situations have not changed - they still need a new car, a new refrigerator, the new Bob Dylan album. But in the areas of consumer spending that are the first to suffer from...
...biographies (including David McCullough's John Adams), he has crisscrossed the globe to meet with employees, key customers, suppliers and investors, morphing the company's public face from Jack to Jeff in person. "I've used the time to transfer relationships," he says. "It's got to be done retail, face to face, and you've got to keep doing...
...Commercial Farmers' Union says supplies of maize, wheat, tobacco, coffee, meat and dairy products have fallen by 20% to 50%, and farmers are liquidating their herds. Even Zimbabwe's protected wild life is being slaughtered as game farms and private reserves are invaded. The mobs have marched on retail stores, mines and factories. If that weren't bad enough for the economy, foot-and-mouth disease was diagnosed last week in western Zimbabwe, probably spread by squatters driving rustled cattle into open areas to mingle with infected wild game. Beef export markets - worth $90 million last year - have disappeared. Foreign...
...Retailers, after getting burned by the slowdown?s front end last December and spending this year chasing customers with profit-raiding discounts, aren?t taking any chances that shoppers will last long enough to come through for them this time around. Many stores are frantically deferring orders and paring offerings in anticipation of an even worse Christmas shopping season than last year - perhaps the weakest since, well, the last recession. "I think the full effect of these layoff announcements will take effect in the second half," PricewaterhouseCoopers senior retail economist Frank Badillo told the Wall Street Journal. Leaving the American...